Carrier Global (CARR) Operating Expenses (2019 - 2026)
Carrier Global (CARR) reported Operating Expenses of $5.1 billion for Q1 2026, up 9.58% year-over-year from $4.7 billion in Q1 2025, and up 6.65% on a QoQ basis from $4.8 billion in Q4 2025.
Carrier Global (CARR) has 8 years of Operating Expenses data on file, last reported at $5.1 billion in Q1 2026.
- Quarterly Operating Expenses rose 9.58% year-over-year to $5.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $20.3 billion (up 1.38% YoY) and the FY2025 annual result came in at $19.8 billion, down 2.69% from the prior year.
- Operating Expenses advanced to $5.1 billion in Q1 2026 per CARR's latest filing, from $4.8 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $5.3 billion in Q2 2025 and bottomed at $2.1 billion in Q4 2022.
- The 5-year median for Operating Expenses is $4.8 billion (2024), against an average of $4.6 billion.
- The widest annual swing landed in 2022, when Operating Expenses sank 56.41%; it then jumped 98.15% in 2023.
- Tracing CARR's Operating Expenses over 5 years: stood at $2.1 billion in 2022, then soared by 98.15% to $4.1 billion in 2023, then grew by 17.06% to $4.8 billion in 2024, then climbed by 0.29% to $4.8 billion in 2025, then rose by 6.65% to $5.1 billion in 2026.
- Per Business Quant, the three latest CARR Operating Expenses figures stand at $5.1 billion (Q1 2026), $4.8 billion (Q4 2025), and $5.1 billion (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Trane Technologies | 99.95 Bn | 98.89 Bn | 1.73 Bn | 952.00 Mn |
| 2 | Johnson Controls International | 84.54 Bn | 84.01 Bn | 2.07 Bn | 1.22 Bn |
| 3 | Carrier Global | 52.72 Bn | 51.70 Bn | 4.82 Bn | 5.10 Bn |
| 4 | Lennox International | 16.87 Bn | 16.82 Bn | 351.30 Mn | 185.20 Mn |
| 5 | Masco | 13.72 Bn | 13.60 Bn | 686.00 Mn | 369.00 Mn |
| 6 | Carlisle Companies | 13.62 Bn | 12.85 Bn | 363.20 Mn | 183.90 Mn |
| 7 | Aaon | 10.97 Bn | 10.97 Bn | 109.77 Mn | 65.81 Mn |
| 8 | SPX Technologies | 10.37 Bn | 10.22 Bn | 230.60 Mn | 14.50 Mn |
| 9 | Advanced Drainage Systems | 10.34 Bn | 10.19 Bn | 237.66 Mn | - |
| 10 | Owens Corning | 9.48 Bn | 9.24 Bn | 510.00 Mn | 390.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 5.10 Bn |
| Dec 31, 2025 | 4.78 Bn |
| Sep 30, 2025 | 5.08 Bn |
| Jun 30, 2025 | 5.32 Bn |
| Mar 31, 2025 | 4.66 Bn |
| Dec 31, 2024 | 4.77 Bn |
| Sep 30, 2024 | 5.28 Bn |
| Jun 30, 2024 | 5.31 Bn |
| Mar 31, 2024 | 5.03 Bn |
| Dec 31, 2023 | 4.07 Bn |
| Sep 30, 2023 | 4.24 Bn |
| Jun 30, 2023 | 5.17 Bn |
| Mar 31, 2023 | 4.76 Bn |
| Dec 31, 2022 | 2.06 Bn |
| Sep 30, 2022 | 4.74 Bn |
| Jun 30, 2022 | 4.50 Bn |
| Mar 31, 2022 | 4.09 Bn |
| Dec 31, 2021 | 4.72 Bn |
| Sep 30, 2021 | 4.61 Bn |
| Jun 30, 2021 | 4.76 Bn |
| Mar 31, 2021 | 4.17 Bn |
| Dec 31, 2020 | 4.25 Bn |
| Sep 30, 2020 | 4.22 Bn |
| Jun 30, 2020 | 3.56 Bn |
| Mar 31, 2020 | 3.56 Bn |
| Dec 31, 2019 | 4.02 Bn |
| Sep 30, 2019 | 4.18 Bn |
| Jun 30, 2019 | 4.27 Bn |
| Mar 31, 2019 | 3.88 Bn |